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https://doi.org/10.15179/ces.21.1.2

Effects of Economic and Political Events on Stock Returns: Event Study of the Agrokor Case in Croatia

Tihana Škrinjarić   ORCID icon orcid.org/0000-0002-9310-6853 ; Faculty of Economics and Business, University of Zagreb, Croatia
Zrinka Orlović   ORCID icon orcid.org/0000-0003-2508-2658 ; Faculty of Economics and Business, University of Zagreb, Croatia

Puni tekst: engleski, pdf (785 KB) str. 47-86 preuzimanja: 496* citiraj
APA 6th Edition
Škrinjarić, T. i Orlović, Z. (2019). Effects of Economic and Political Events on Stock Returns: Event Study of the Agrokor Case in Croatia. Croatian Economic Survey, 21 (1), 47-86. https://doi.org/10.15179/ces.21.1.2
MLA 8th Edition
Škrinjarić, Tihana i Zrinka Orlović. "Effects of Economic and Political Events on Stock Returns: Event Study of the Agrokor Case in Croatia." Croatian Economic Survey, vol. 21, br. 1, 2019, str. 47-86. https://doi.org/10.15179/ces.21.1.2. Citirano 28.07.2021.
Chicago 17th Edition
Škrinjarić, Tihana i Zrinka Orlović. "Effects of Economic and Political Events on Stock Returns: Event Study of the Agrokor Case in Croatia." Croatian Economic Survey 21, br. 1 (2019): 47-86. https://doi.org/10.15179/ces.21.1.2
Harvard
Škrinjarić, T., i Orlović, Z. (2019). 'Effects of Economic and Political Events on Stock Returns: Event Study of the Agrokor Case in Croatia', Croatian Economic Survey, 21(1), str. 47-86. https://doi.org/10.15179/ces.21.1.2
Vancouver
Škrinjarić T, Orlović Z. Effects of Economic and Political Events on Stock Returns: Event Study of the Agrokor Case in Croatia. Croatian Economic Survey [Internet]. 2019 [pristupljeno 28.07.2021.];21(1):47-86. https://doi.org/10.15179/ces.21.1.2
IEEE
T. Škrinjarić i Z. Orlović, "Effects of Economic and Political Events on Stock Returns: Event Study of the Agrokor Case in Croatia", Croatian Economic Survey, vol.21, br. 1, str. 47-86, 2019. [Online]. https://doi.org/10.15179/ces.21.1.2

Sažetak
Major events in Croatia regarding economy and politics in the last three years have been related to the Agrokor concern. Agrokor is one of the biggest companies/concerns in Croatia and Southeastern Europe. Since some of Agrokor’s stocks are listed on the Croatian stock market, the economic and political events regarding Agrokor have affected the stock market as well to an extent. In this study we observe the effects of several economic and political events on stock returns on the Zagreb Stock Exchange, by dividing the sample into two groups. The first group consists of Agrokor’s stocks and the other group consists of stocks of other companies which are listed and frequently traded on the market. The methodology used in the study was event study, by using parametric and nonparametric tests. The results indicate that specific economic and political events have affected Agrokor’s stock returns negatively. Other stock returns were not affected, or were affected positively, but not statistically significantly.

Ključne riječi
Agrokor case; Zagreb Stock Exchange; economic and political events; abnormal return; non-parametric tests

Hrčak ID: 221520

URI
https://hrcak.srce.hr/221520

Posjeta: 1.066 *